Beverly Hills Wealth Becomes National Advisors Trust Shareholder
Beverly Hills Wealth Management is expanding its trust services by joining National Advisors Trust as a shareholder.
The shareholder status will enable Beverly Hills Wealth Management to offer its clients trust services under the private label Trust Representative Office (TRO) program of National Advisors Trust.
National Advisors Trust is a federally chartered trust company with more than $7 billion in assets that operates in all 50 states offering a variety of trust services. It is one of the largest trust companies in the country that is independent and RIA-owned.
The TRO program is marketing program that allows advisors to offer their clients a range of trust and custody services with administrative services provided by National Advisors Trust, including education, networking and referrals.
Beverly Hills Wealth Management, which became a shareholder because of the growing demand for trusts among investors, says it will use more of National Advisors services in the future, including private banking and the trust company's AdvisorDesk multi-custodian technology platform that provides portfolio management capabilities.
On The Move
DiCicco, Gulman & Company LLP, a CPA and business consulting firm located in Woburn, Mass., has added four new principals-Eric Bookbinder, Jonathan Butler, Erica Nadeau, and Leanne Stafford. Bookbinder and Butler are principals in the Commercial Business group, which works with privately held, family owned companies and entrepreneurs. Nadeau and Stafford are principals in the firm's Private Clients group, which specializes in sophisticated tax issues related to wealth, business ownership and foreign interests.
Robert Franklin Muller Jr. has joined Behringer Harvard as executive vice president, head of distribution. Based in Dallas, Muller's' responsibilities include defining and directing retail and institutional distribution strategies for Behringer Harvard's existing and expanding product portfolio, including sales of alternative and direct investments.
Boston-based investment manager Windham Capital has teamed up with Krusen Capital to offer proprietary risk management and tactical asset allocation strategies to Krusen's clients. Through this relationship, Krusen will offer its clients the LionHedge Windham portfolio, which gauges opportunities by measuring changes in market turbulence and systemic risk through the interactions among asset classes.
BNY Mellon has hired Joshua Miller to the newly created position of vice president in its wealth management business serving individuals, families and organizations with an array of private banking, wealth, tax and estate planning needs. Miller, a practicing attorney for seven years, joined BNY Mellon from the law firm of Holland & Knight, where he advised clients on estate and gift planning, estate and trust administration, business planning, charitable giving and other matters.
Raymond James recently hired financial advisors Gary McGovern, John Flaherty and Frank McDonnell, all senior vice presidents, investments, for a new Raymond James branch located on Boston's south shore in Hingham, Mass. Prior to joining Raymond James, McGovern, Flaherty and McDonnell worked together at A.G. Edwards before its acquisition by Wachovia/Wells Fargo.
Indianapolis, Mich.-based Oxford Financial Group has announced that four former Lowry Hill wealth managers-Thomas Gunderson, Cameron Johnson, Kathleen Kuehl, and Kristine Merta-have joined the firm's new Minneapolis office. Kuehl and Merta now serve as directors in the new office, while Gunderson and Johnson are senior investment strategists. Additionally, Lowry Hill wealth manager Laura J. Clark left the firm's Chicago office to join Oxford's office there.
New York-based Evercore Wealth Management announced that six former Lowry Hill wealth managers joined its new Minneapolis office.